How does conveyancing in Northop differ for new build properties?

Most buyers of new build premises in Northop come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is completed. This is because house builders in Northop typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Northop or who has acted in the same development.

I opted to have a survey done on a house in Northop ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some banks will refuse to give a loan on such a home.

It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Northop. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Northop to see if the conveyancing costs will increase in light of this.

I have been recommended by numerous selling agents in Northop to get a quote from a solicitor using your seach tool. Is there a financial advantage for Estate Agents to offer your services ahead of another?

We refuse to offer any financial incentive for pointing buyers and sellers our way. We thought it would be too underhand a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.

I need to retain a conveyancing solicitor for sale conveyancing in Northop. I happened to stumble upon a site which looks to be the perfect solution If there is a chance to get all this stuff completed via web that would be preferable. Should I be wary? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

My wife and I purchased a leasehold flat in Northop. Conveyancing and Bank of Scotland mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Northop who acted for me is not around. What should I do?

First make enquiries of HMLR to make sure that this person is indeed the registered owner of the freehold reversion. You do not need to instruct a Northop conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Northop Leasehold Conveyancing - A selection of Queries before buying

This information is useful as a) areas may result in problems in the block as the communal areas may begin to deteriorate if maintenance are not paid for b) if the leaseholders have a dispute with the running of the building you will want to have all the details What restrictions exist in the Northop Lease? Generally speaking the cost for major works tend not to be included within service charges, although some managing agents in Northop obliged leasehold owners to contribute towards a reserve fund and this is used to offset against major repairs or maintenance.